U.S. Is Pursuing More Charges at JPMorgan Over Metals Trades
- Prosecutors said to be drawing from cooperators, paper trail
- JPMorgan scrutiny grew out of multibank rigging inquiry
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Federal prosecutors are closing in on JPMorgan Chase & Co. officials in an investigation of price rigging in precious metals markets.
With help from at least two of the bank’s former traders who pleaded guilty, the government is looking to bring charges against people higher up the chain at the bank, two people familiar with the years-old inquiry said. Just last month, a managing director who oversaw global precious-metals trading was placed on leave along with another employee, other people said.